Similar to Tata Steel, Balrampur Chini has given an Inclined trendline breakdown. If this bearish moment continues 362-366 will act as the strong support zone.
The view is just the education purposes.
NSE:BALRAMCHIN
Observations:
1) On 1 day time frame, we can see it is between support and resistance range.
Please refer below chart : 1day Time Frame.
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Trade Setup for 27-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2)...
![BALRAMCHIN: Simple Trade Setup | BALRAMPUR CHINI | 27-01-2022 [INTRADAY]](https://s3.tradingview.com/9/9F63nAW1_mid.png "Simple Trade Setup | BALRAMPUR CHINI | 27-01-2022 [INTRADAY]")
